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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

Listed by Joseph Lotfy, DRE #02094110 • Berkshire Hathaway HomeService

$ 3,750,000

Est. payment | -/mo

0.93 Acres Lot

Save

$ 3,750,000

Est. payment | -/mo

Save

0.93 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CROC26210346

Year Built 1954

Lot Size 0.928 Acres

Source California Regional MLS

Property Description

$362,340 GROSS SCHEDULED INCOME | 6.35% CAP | 13 UNITS ON TWO CONTIGUOUS PARCELS. This rare offering includes two contiguous parcels totaling approximately 40,425 square feet and a combined 13 units, six on one parcel and seven on the other. Each unit is a single-level, cottage-style residence, and the property includes multiple garages and ample surface parking. The electrical at 4900 Live Oak has been updated with new mains and sub panels. The property produces $362,340 in gross scheduled income against $116,794 in operating expenses, for a net operating income of $238,299. Additional potential includes accessory dwelling units or a complete redevelopment, buyer to verify all options with the city. Located in an area already experiencing new construction, including a recently completed apartment building nearby. Steps from the Atlantic Avenue dining and retail corridor, with Plaza Mexico in Lynwood roughly 10 minutes away and the Watts Towers and Augustus F. Hawkins Natural Park about 15 minutes out.

Location

State CA

County Los Angeles

Area T5 - Walnutpk, Huntpk, Bell N Of Florence, And Cud

Interior

Heating Central Forced Air

Laundry Other

Exterior

Parking Features Assigned Spaces, Garage, Gate / Door Opener

Garage Spaces 13.0

Pool 31, None

View None

Building

Story One Story

Water District - Public

Others

Tax ID 6226014010

Special Listing Condition Not Applicable

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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4900 Live Oak ST Cudahy, CA 90201